The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 10

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Which of the following is true of a tariff?

• A)It is a tax levied by the government on domestic production of goods and services.
• B)It is a quantitative restriction on imports imposed by the government.
• C)It is a monetary benefit received by exporters from the government.
• D)It is a monetary benefit received by importers from the government.
• E)It is a tax on import and export levied by the government.

Distinguish between primary and secondary reinforcers as well as positive and negative reinforcement.

Recognize the role and effects of punishment in behavior modification.

Describe the process and implications of conditioned responses, including extinction and spontaneous recovery.

Explain the difference between methodological and radical behaviorism.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded.

Unit Elastic

Describes a situation where a percentage change in the price of a good or service results in an equal percentage change in the quantity demanded or supplied.

Cheddar Cheese

A relatively hard, off-white or orange, natural cheese originating from the village of Cheddar in England.

Total Revenue

The total income generated from selling goods or services, calculated by multiplying the price by the quantity sold.